Aktay Law Firm

A. Legislation and Authority 1- What is the merger/acquisition legislation? Turkish regulatory framework for merger control consists of: - Law No. 4054 on Protection of Competition (“Law”) - Communiqué No. 2010/4 on Mergers and Acquisitions Calling for the Authorization of the Competition Board (“Merger Communiqué”) - Communiqué on Increasing the Threshold of the Administrative Fine Set Forth in the First Section of Article 16 of the Law No. 4054 on Protection of Competition, to Apply until 31/12/2022 (“Communique No. 2022/1”) - Guidelines on Cases Considered as a Merger or an Acquisition and the Concept of Control (“Guideline”) - The Communiqué Amending Communiqué No. 2010/4 (“Communiqué No. 2022/2”) - Guidelines on Remedies That are Acceptable in Merger/Acquisition Transactions (“Remedy Guidelines”). - Guidelines On Undertakings Concerned, Turnover and Ancillary Restraints in Mergers and Acquisitions (“Guidelines on Ancillary Restraints”) - Communiqué No. 2010/3 on Regulation of Right to Access File and Protection of Commercial Secrets (“Communiqué No. 2010/3”)